Sims Ltd Reports Strong FY26 Results
Key points
- Sales Revenue Up 6.9% to $8.0 Billion
- Net Profit Up 1391.1% to $245.3 Million
- Dividend Increased by 100%
- Strong Growth in Sims Lifecycle Services
- Commitment to Sustainability and Safety
Full summary
Sims Ltd reported a robust financial performance for the year ended 30 June 2026, with sales revenue from continuing operations up 6.9% to $8.0 billion and net profit up 1391.1% to $245.3 million. The company also increased its dividend by 100%, with a final dividend of 20 cents per share. Sims Lifecycle Services, a key segment, delivered outstanding earnings growth, with underlying EBIT increasing more than fivefold to $172.7 million. The company's commitment to sustainability was evident in its new interim targets to reduce greenhouse gas emissions and its leadership in safety and diversity. Sims Ltd's strategic execution and disciplined capital allocation have positioned the company for long-term value creation.
Guidance
FY26 underlying EBIT increased 167.6% to $468.0 million; underlying net profit after tax increased 247.9% to $289.1 million.
Outlook
Sims Ltd is well positioned to create enduring value for shareholders, with a strong earnings platform and strategic focus on growth opportunities in recycling and technology infrastructure.
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